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Gold/Mining/Energy : Trico Marine Services (TMAR)

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To: 007 who wrote (90)3/13/1998 10:03:00 AM
From: BERNARDO ABEND  Read Replies (1) of 1153
 
Hello James....
THANKS FOR WELCOME ME AT SI.
REGARDING THE VENEZUELAN OIL CITUATION I WOULD LIKE TO COMMENT THAT I HEAR IN THE RADIO YESTERDAY AN INTERVIEW WITH LUIS JUSTI. THE PDVSA CEO. HE EXPLAIN "THE OIL CRUDE PRICING PRESSURE IS ONLY TEMPORAL" THIS PROBLEM START WITH THE OVERSUPLY FROM PRODUCERS AND THE LOW DEMAND FROM THE ASIAN COUNTRIES. HE ALSO COMMENT "WE THINK IN THE NEAR TERM THE CRUDE PRICE WILL START TO COME BACK SLOWLY AND THE SUPLY-DEMAND COULD STABILIZE. ALSO THE LATE WINTER IN THE US SHOULD ALSO HELP ON THE DEMAND FOR CRUDE AND HEATING OIL.
VERY INTERESTING FOR TMAR.

HOPE THIS HELP YOU.
REGARDS
BERNARDO ABEND.
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